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Helmer works for 'Minimum Wage'

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Mark Waters is in negotiations to direct "Minimum Wage," a timely comedy from Participant Media that tackles the effects of greed. Peter Abrams, Robert Levy and Andrew Panay are producing.

Written by Tegan West and Scott Atkinson, the story centers on a corrupt corporate executive who is convicted of fraud and sentenced to a year living on minimum wage in the town his company bankrupted.

Jonathan King and Erin Stam are overseeing for Participant.

The company, headed by CEO Jim Berk and president Ricky Strauss, aims to make commercial films with a social bent. It was behind such 2008 movies as Tom McCarthy's "The Visitor" and Errol Morris' "Standard Operating Procedure" and is involved in upcoming pics "The Soloist" and "The Informant."

Waters, repped by CAA, last directed "The Spiderwick Chronicles." His comedy "The Ghosts of Girlfriends Past" is in the can and set for a May 1 release. (partialdiff)